Illicit Financial Flows in Africa Pushing Billions of Dollars Away from Continent
Recent study shows integrity institutions lack effectiveness in controlling looting of wealth
December 8, 2013 - DAKAR, SENEGAL
Economies in Africa have lost between $597 billion and $1.4 trillion in net resource transfers in the past three decades, despite the growth in integrity institutions on the continent, according to a recent study conducted by Global Financial Integrity (GFI). Illicit financial flows are the topic of a two-day forum organized by the Open Society Initiative for West Africa (OSIWA) and TrustAfrica on December 9th and 10th, at Terrou Bi Hotel in Dakar, Senegal.
The National Victims' Conference will take place in May 2014 in Kampala, Uganda. In preparation for the national conference, AYINET is organizing a series of victim consultations in the different conflict affected regions of Uganda, beginning with this week's meeting in Lira. A schedule of the consultations is included below. Learn more about the first consultation on their Website here.
On December 9-10, TrustAfrica, the Open Society Institute for West Africa (OSIWA) and Global Financial Integrity (GFI) will be co-sponsoring the “Forum on Illicit Financial Flows in Africa.” Th Forum will take place at the Terrou-Bi Hotel in Dakar, Senegal, with his excellence, the Minister of Economy and Finance for Senegal, M. Amadou Ba. Among the many activities scheduled at the Forum, participants will receive key findings of the GFI 2012 report on Illicit Financial Flows from Africa and discuss the key trends, risks and costs to the region. Additionally, the forum will look to establish a regional platform on illicit financial flows for campaigning and advocacy.
On November 28-29, the Tax Justice Network-Africa (TJN-A) in collaboration with the Strathmore Tax Research Centre and funded by TrustAfrica, will host a two-day policy roundtable meeting on the theme “Curtailing Transfer Mispricing: Africa’s Response to Global Challenges.” The event, which will take place at Strathmore University in Nairobi, Kenya, brings together a cross section of NGOs, tax authorities, academic researchers, policymakers and international organizations from around the world to share experiences, discuss policy and brainstorm solutions to current transfer pricing challenges facing African countries.
On November 24-27, at the Holiday Inn in Bulawayo, Zimbabwe, there will be a conference entitled “Zimbabwe: Present Realities, Future Prospects.” The conference, sponsored by the University of Zimbabwe, Midlands State University and National University of Science and Technology, in conjunction with TrustAfrica-Zimbabwe Alliance, Open Society Initiative for Southern Africa (OSISA) and the
“Nearly 240 million Africans are malnourished and although only one-third of those who face hunger are based in Africa, the percentage of people who suffer from hunger here is higher than in any other region of the world,” stated Mr. Charles Abugre Akelyira, Africa Regional Director of the UN Millennium campaign, based in Nairobi. “We must invest in agriculture not just to feed the current generation but to prepare for the two billion more mouths we will need to feed by 2050. In particular, we have to invest in small-scale agriculture, as part of our mixed strategy. Two-thirds of our farm outputs come from small farmers,” he said.
Policymakers, development partners, researchers and entrepreneurs in Kenya and elsewhere are sure to benefit from the information contained in a new book entitled “Public Policy and Enterprise Development in Kenya.” The publication, a result of research produced through the Investment Climate and Business Environment research fund, documents case study strategies for enterprise development in Kenya based on three key areas; public policy and stakeholder involvement; corporate support and capacity development; and entrepreneurial support and leadership.
By: Oscar Tollast
The international criminal justice program officer at TrustAfrica hopes to start including more programs in North African countries after attending a session at Salzburg Global.
Jeanne Elone attended the session, 'Getting Transition Right: A Rights-based Approach towards Diversity & Inclusivity’ to focus on four key countries in the midst of transition in the Middle East and North Africa region.
Ms Elone, who has coordinated research on North Africa, examining the role of civil society in the political transformations that shook the region in 2011, attended and participated at the session held in co-operation with the Arab Human Rights Fund.
Discussions centered on Egypt, Tunisia, Libya, and Yemen, as participants looked at ways to improve diversity and inclusion in the region.
Ms Elone has lived in Senegal, Cameroon, Burkina Faso, France, and the United States, working on a range of issues from political parties and democratization to human rights and development finance.
In an extended Q&A with Salzburg Global, she reviews what she's been able to take away from the session, the parallels she's been able to draw with events in sub-Saharan Africa, and the extent of TrustAfrica's work in the continent.
On September 13-14 in Arusha, Tanzania, key stakeholders came together in a forum to develop strategies for addressing challenges in higher education in Tanzania. The forum, "Good Governance for Sustainable Quality University Education in Tanzania," hosted in collaboration with the Committee of Vice Chancellors and Principals in Tanzania, took place at Mzumbe University.